Bloomberg market data API made public

Bloomberg market data API made public

'Easy access' for systems based in Java, C++, Perl, .Net and other languages

Article comments

Bloomberg has made public its valuable application programming interface (API) for market data, making it free for trading firms and software developers to access the code.

The API works with a number of programming languages and operating systems, including Java, C, C++, .Net, COM and Perl, and is designed to be "simple" as well as suitable for low latency applications, Bloomberg said. It is available here.

The move to make the interface public contrasts with Bloomberg's past practice – and that of arch rival Thomson Reuters – of making firms pay for using a particular set of systems to access the data. The move is part of Bloomberg's Open Market Data Initiative.

Thomson Reuters is currently embroiled in a dispute with EU antitrust officials over its own APIs. The officials allege the company is taking advantage of its dominant market position by restricting access to the codes.

Bloomberg's API is available to companies that are customers and those that are not, allowing them "an alternative" to proprietary technology, the data firm said. It intends for the initiative to "spur innovation" in the financial services industry. Around 100,000 financial services staff use the Bloomberg API daily.

"We intend to evolve [the API] into an open standard with the help of an independent committee charged with managing the future development and stability of a truly open market data interface," said Shawn Edwards, chief technology officer at Bloomberg.

Bloomberg also recently released its Open Symbology API, a system used to identify securities across all global asset classes.

NOW READ Credit Suisse traders 'manipulated IT systems' to hide losses


Send to a friend

Email this article to a friend or colleague:

PLEASE NOTE: Your name is used only to let the recipient know who sent the story, and in case of transmission error. Both your name and the recipient's name and address will not be used for any other purpose.

We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
* *